Gas prices continue to fall

Average retail gasoline prices in Connecticut have fallen 3.5 cents per gallon in the past week, averaging $3.75 yesterday. This compares with the national average that has fallen 3.7 cents per gallon in the last week to $3.39, according to gasoline price website ConnecticutGasPrices.com.

Some prices reported in Ridgefield Sunday included $3.85 cash/$3.95 credit at Valero; $3.89 at Irving; $3.95 at Mobil and BP.

Danbury’s lowest price was a Sunoco on Newtown Road, $3.65. Costco in Brookfield was also $3.65. Lowest in the state was a Citgo in Granby, $3.52.

Including the change in gas prices in Connecticut during the past week, prices yesterday were 20.9 cents per gallon higher than the same day one year ago and are 11.0 cents per gallon lower than a month ago. The national average has decreased 11.3 cents per gallon during the last month and stands 10.0 cents per gallon higher than this day one year ago.

“While the national average continues to fall, we’ve done the math — the yearly average in 2012 is all but guaranteed to set all-time record highs,” said GasBuddy.com Senior Petroleum Analyst Patrick DeHaan.

“We still stand at $3.63/gal for a yearly average, and gasoline prices would need to average no more than $2.35/gallon for every day left in 2012 for the national yearly average to drop below 2011, something that appears impossible. In the meanwhile, we have lowered our forecast for Christmas gasoline prices to average between $3.25-$3.35/gallon.”

GasBuddy operates ConnecticutGasPrices.com and over 250 similar websites that track gasoline prices at over 140,000 gasoline stations in the United States and Canada. In addition, GasBuddy offers a free smartphone app which has been downloaded over 20 million times to help motorists find gasoline prices in their area. In Connecticut, GasBuddy tracks price changes at 1,540 retail outlets